Former United Biscuits FD takes Greencore role

by Kevin Reed

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22 Jan 2013

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THE FORMER GROUP FD of United Biscuits has joined convenience food provider Greencore's board.

John Warren joins the FTSE 250-listed business as a non-executive director. He also holds non-exec posts at Rank Group, Bovis Homes, Spectris, 4imprint and Welsh Water. Warren is the former chairman of Uniq – a business acquired by Greencore in September 2011.

Gary Kennedy, chairman designate, said: "I would, on behalf of everybody at Greencore, like to welcome these outstanding market leaders to the board. Their diverse skills and international experience in markets will bring a greater focus for the group as it moves forward in its development."

Greencore is the world's largest maker of sandwiches – 350 million a year – with a 36% share of the UK market, supplying to Tesco, Asda, M&S, Sainsbury's and Waitrose, turning over a £1bn, with its last half-year profits coming in at £31.7m.

It began as an Irish state-owned sugar processor and agricultural producer, until tariff changes saw its business model change.

In May 2011, Greencore negotiated a new £280m credit facility, enabling the company to move for Uniq. A rights issue was also launched to help fund the acquisition.

The company's share price is 108.25p, up 0.25p in this morning's trading.

For more companies and markets data, visit the Share Price Centre

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